Category: Economics & Investing

Letter Re: Dollar Collapse, Deflation, Inflation, and Consumer Debt

Jim: I have a question and would like your opinion on a question that relates to your recent article, The New Century: An Era of Upright Spikes.  I have also read countless other articles and watched interviews/videos from ‘experts’ that all have the same general consensus: Our economy, as well as the globe, is either going to collapse or get significantly worse. My question; I am curious if there is any way to tell how long we have to prepare for WTSHTF of TEOTWAWKI?  My reasoning; I want my family (currently my wife and I along with two dogs) and …


Letter Re: Some Advice on Tangibles Investing

After first picking up your book “How to Survive the End of the World as We Know It” on a whim, SurvivalBlog.com has definitely changed a lot about how I live my life, particularly in how I choose to spend money.  As a prospective medical student, I can’t buy a retreat property and set it up the way I should (however much I want to).  However, there are many things I have found I can do.  After reading The Richest Man in Babylon by George S. Clason years ago at the encouragement of my Dad, I started to set aside 10% of what …


Economics and Investing:

F.G. flagged this: How bad is it? Pawn shops, payday lenders are hot At The Daily Bell: Ron Holland on the Inevitability of Societal Chaos, How the Elites Will Try to Maintain Control Hardy’s hearty recommendation: The Decline and Fall of the American Empire John R. liked this piece by Mary Beth White: Stupid Choices Equal Bankruptcy (Usually) Pennsylvania family fights US over rare 1933 gold coins. JWR’s Common Sense Tip of The Day: Don’t ever send anything rare and valuable to a bureaucrat, asking for a determination on its legal status. You’re likely to get: “We’s keepin’ this” for …


Letter Re: Prepping With Limited Funds

JWR: I strongly suggest checking out yard sales.  Every Thursday we get our free local community paper that lists all of the upcoming weekend yard sales.  The night before, I go to yahoo maps and map out our route which greatly saves time and wasted miles driving around. Then every Saturday morning my family and I head out – sometimes a little later than what we hope, but most of the time we are out the door by 8 a.m.   Note: this is also a great way to spend some family time together. We’ve even found great deals at 2 …


Economics and Investing:

B.B. pointed me to this, over at Zero Hedge: Retirement Fund Plunder Update: $206 Billion So Far, $62 Billion Left 30 Reasons To Get Out Of Real Estate and Into REAL Assets. (Thanks to Chris D. for the link.) Reader Jay H. kindly sent this link: Gold is best debt-crises defense — just not yet Naughty, Tim! He didn’t stick to the “Continuing Recovery” party line: Geithner says hard times to continue for many Sue C. forwarded this: Dollar likely lower without debt limit progress John R. sent us several great links: Several Inconvenient Truths About the Debt Ceiling and …


The New Century: An Era of Upright Spikes

We are entering an era of upright spikes. Clearly, the debt-driven global economy is spinning out of control. The aggregate value of the derivatives market is exploding and meanwhile food prices are spiking. Both of these are threatening huge economic dislocation and subsequent social turmoil that–just as I predicted five years ago–will topple governments. I stand by that prediction. (And, for the record, I’m not just talking about failed votes of confidence. I’m talking about revolutions.) Note: Because SurvivalBlog’s diverse readership expects access on mobile devices, I intentionally minimize the use of graphics in my blog. But this particular topic …


Economics and Investing:

Vrenellis, anyone? Swiss Parliament to Discuss a New Gold Franc. US Taxpayers Just Paid $780 Million to Fund the Latest Greece Bailout Tranche. [JWR Adds: For some perspective, do you remember the uproar the $1.5 billion 1979 Chrysler bailout caused? And that was a loan, not a gift.] ‘The Greeks Would Be Well Advised to Exit the Euro Zone’. (Thanks to J.B.G. for the link.) Yishai flagged this, over at the Jammie Wearing Fool blog: Great News: Friday’s Anemic Jobs Number Are Likely Bogus Items from The Economatrix: Oil & Gasoline Prices on the Rise Again Graph:  What Recovery? US …


Prepping With Limited Funds, by L. Burton

I am a beginning Prepper. I am broke.  This combination is presenting a lot of challenges that I am determined to overcome. When I started on this new stage in life I did what many people do, when starting something new, I began researching as much as I could on the subject.  The first layer of research came up with a wonderful array of web sites that were willing to sell me a years supply of food, pre-packaged and ready to go.  The problem was the price tag.  I could buy food or pay the rest of my bills. My …


Economics and Investing:

Michael Z. Williamson (SurvivalBlog’s Editor at Large) sent this: No new $10s, $100s being printed instead Brzezinski: Middle Class Unrest To Hit U.S. (Thanks to S.T. on Philly for the link.) Dennis C. sent us this: World Food Prices Climb on Sugar, Dairy Costs As Plastic Reigns, the Treasury Slows Its Printing Presses Top 10 Most Valuable U.S. Coins Found in Pocket Change Items from The Economatrix: Government Eases Foreclosure Rules For Unemployed Retailers Post Strong June Sales Retail Sales and Jobs Reports Send Stocks Higher Job Outlook Rises as Reports Suggest More Hiring


Economics and Investing:

Loyal contributor F.G. sent this: U.S. banks are now closing faster than they are opening Brett Arends: The next, worse financial crisis Commentary: Ten reasons we are doomed to repeat 2008. (Thanks to John R. for the link.) More FDIC Friday Follies: Three More Failed Banks: Signature Bank and Colorado Capital Bank (both in Colorado) and First Chicago Bank and Trust (Illinois) Three Tea Party-Backed Senators Bet Economic Recovery on Gold Scott E. suggested this from Mines magazine: Sourcing Rare Earths and Critical Minerals Items from The Economatrix: Stocks Sink After Dismal June Jobs Report Silver Bullion Eagle Coins Reach …


Economics and Investing:

Scooby Doo say: “Rutt-row!”: Moody’s Downgrades Portugal to Ba2 From Baa1, Outlook Negative John T. suggested this by Peter Schiff: The rise of the barter economy Tyler Durden reports at Zero Hedge: Planned Job Cuts Increase by 12% in June, Second Sequential Increase. Here is a quote: “Forget new job formation. According to the just released Challenger jobs report, job destruction is starting to be an issue again, after the June report disclosed that “the number of planned job cuts announced by U.S.-based employers increased by 4,297 or 11.6 percent to 41,432 in June.” Europe takes another step closer to …


Economics and Investing:

Courtesy of David N.: Lessons of Argentina crisis ignored in handling of Greece The latest from The Daily Bell: So Many Lost Decades – Why? Items from The Economatrix: Be sure to watch this: Economic Armageddon & You Factories Busier In June After Spring Slump Enough of this Greek Farce, Everyone Knows Default is Coming The Great Misdiagnosis Selling Gold Teeth in Greece to Make Ends Meet Jim Rogers:  Boost Food Production At Any Cost Or “No Food At Any Price”


Economics and Investing:

Lyn suggested this: Our next Monetary System and the End of Freedom B.D.W. sent this from Seeking Alpha: Inflation Indexed Bonds and Annuities Versus Gold, Silver and Platinum Items from The Economatrix: The Fifth Option:  Is This How Governments Will Fix Their Debt Problems? Greenspan:  Fed’s Massive Stimulus Had Little Impact Stores Find Success By Focusing On The Hunt Companies Ordered More Factory Goods in May


Economics and Investing:

A New Investment Strategy: Preparing for End Times Huge rare earth deposits found in Pacific: Japan experts. (A tip of the hat to to Mary M. for the link.) John R. recommended a piece over at The Daily Bell: Where Will You Go When the Sovereign Debt Volcano Blows? JBG sent this: Rating Agency Issues Greek Rescue Plan Warning Items from The Economatrix: Ron Paul:  US Should Declare Bankruptcy On-line Retailers Strike Back at Internet Tax Levy S&P to Deeply Cut U.S. Ratings if Debt Payment Missed Gas is 24 Cents Cheaper Than Labor Day The “Economic Recovery” Turns 2.  …


Economics and Investing:

Reader Burt J. sent a link to a list on the CIA web site, showing positive and negative foreign trade balances. Look who is at the very bottom of the list with the largest trade deficit, by a wide margin. This can’t go on much longer without a currency collapse. Notutopia flagged an article that demonizes perfectly legal incorporation: Special Report: A little house of secrets on the Great Plains. (To some statists, financial privacy and economic freedom are foreign concepts.) Yishai was the first of several readers to send this: Inside the Fed’s Vault: $1 Billion Worth of Unused …